Bosch Bsh 15034 - Oxygen (o2) Sensor on 2040-parts.com

Volkswagen says Italdesign purchase will boost its growth strategy

Volkswagen AG will acquire a 90 percent stake in Italdesign Giugiaro S.p.A., VW said Tuesday. The Giugiaro family will retain 10 percent in the 42-year-old automotive styling company that is famous for designing cars such as the first-generation Volkswagen Golf. VW CEO Martin Winterkorn said Italdesign will make an important contribution to the automaker's 2018 global growth strategy.

Higher gas prices? Blame ethanol

MarketWatch reported today that the price of ethanol has seen a 30-percent price increase so far this year, taking the price of gasoline up with it, since a good majority of "gasoline" sold today is around 10 percent ethanol. The average price of a gallon of gas today is $2.30, according to FactSet data, but this has varied since the beginning of 2014. Despite the recent surge, ethanol prices have also proved to be rather volatile with reports of it dropping 8 percent this past Thursday after falling 10 percent just the day before.

A look at Volvo future products

Volvo wants to derive economies of scale from a new front-wheel-drive architecture called SPA, for Scalable Platform Architecture. The redesigned XC90 crossover due in 2014 will be the first to use the architecture. SPA was designed for a new family of four-cylinder gasoline and diesel engines that Volvo will begin using on existing models next fall.